one of the top telecom equipment suppliers in China, is banking on its efforts in promoting digital transformation for firms in the financial and other industries, to achieve a “much faster” year-on-year growth in its…
FINANCE
China Cracks Down On Banks’ Risky Lending Practices
Two unnamed sources told the publication that the nation’s financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC), have deployed teams from local branches to commercial banks. Officials will stay at those branches and…
MGM China Reports 2018 First Quarter Financial Data
HONG KONG, April 26, 2018 /PRNewswire/ — MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the “Group”)…
China’s financial watchdog begins inspections of banks’ risky lending: sources
BEIJING/SHANGHAI (Reuters) – China’s financial regulator has launched a nationwide inspection of banks’ risky business practices, focusing on consumer loans and real estate lending in regions with high levels of household debt, two sources with…
China’s macroeconomy in the ‘new era’ of politics and power
Under his insistence, The segregation supervision pattern of the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission was established, meaning financial institutions would be split … ( read…
China Minsheng Financial cooperates with the world’s leading investment platform eToro in innovation of financial technology
Both companies aim to jointly build an ecosystem where blockchain technology can be applied in financial services, taking the strategic development of Group’s fintech to a whole new level HONG KONG, April 25, 2018 /PRNewswire/…
China opens its first bank without bankers
Bank customers speak with a robot at an automated branch in Shanghai. The outlet opened by Beijing-based China… Read More SHANGHAI: Missed paying dues on your Communist Party membership? There’s a bank for that —…
Chinese banks under pressure from Beijing to boost capital
Chinese banks have embarked on a new round of capital raising, prompted by regulations on shadow banking that are forcing lenders to bring shadow loans back on to their balance sheets. Pressure on banks to…
BRIEF-China Biologic Says Excluding Financial Results Of Tianxinfu, Q1 Sales To Grow About 2% In RMB
April 24 (Reuters) – China Biologic Products Holdings Inc : * CHINA BIOLOGIC PRODUCTS HOLDINGS – EXCLUDING FINANCIAL RESULTS OF TIANXINFU, TOTAL SALES IN Q1 OF 2018 EXPECTED TO GROW ABOUT 2% IN RMB TERMS…
The Finance 202: Compromise may be on the trade menu with China
met with Chinese officials in Beijing over the weekend, The Wall Street Journal’s Lingling Wei and Bob Davis report. Said Mnuchin, “China has been very helpful on the sanctions with us.” You are reading The…
Shanghai gets automated bank with VR, robots, face scanning
The branch opened last week in central Shanghai’s Huangpu district and is being hyped as China’s first “unmanned bank.” Beijing-based China Construction Bank says the high-tech branch is meant to make banking more convenient, personalized,…
China Is Bolstering Lenders Before New Assault on Shadow Banking
Investors who pushed up Chinese bank shares last week on news of lower reserve requirements may have been celebrating too soon. The subtext to Tuesday’s move is an effort to prepare the banks for a…
US Hints at China Truce, Beijing Welcomes Move
US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic” of reaching…
